Vestis Corp (NYSE:VSTS) on Tuesday reported better-than-expected second-quarter financial results.

Vestis reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $659.400 million which beat the analyst consensus estimate of $655.311 million.

“During the second quarter, Vestis continued to advance its strategic transformation through targeted initiatives aimed at enhancing operating leverage and profitability,” said Jim Barber, President and CEO. “We realized the early benefits of these actions, with Adjusted EBITDA increasing year-over-year, supported by the first quarter of improved operating leverage since becoming a standalone public company. Our focus on service, operating performance, and cost discipline is delivering results, culminating in a return to profitable growth. Given this momentum, we are raising our full‑year fiscal 2026 Adjusted EBITDA and Free Cash Flow guidance, and reaffirming our expectations for sequential improvements in Adjusted EBITDA as we move through the year.”

Vestis shares dipped 9.1% to trade at $10.88 on Wednesday.

These analysts made changes to their price targets on Vestis following earnings announcement.

  • Baird analyst Andrew Wittmann maintained the stock with a Neutral and raised the price target from $10 to $14.
  • Stifel analyst Shlomo Rosenbaum maintained Vestis with a Hold and raised the price target from $8.5 to $11.

Considering buying VSTS stock? Here’s what analysts think:

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